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April 3, 2014
06:34 EDTJACK, MCD, SONC, WEN, DNKN, BKWStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
News For MCD;BKW;WEN;JACK;DNKN;SONC From The Last 14 Days
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July 23, 2015
11:04 EDTMCDMcDonald's sees positive global comparable sales in Q3
McDonald's President and CEO Steve Easterbrook said earlier that the company has made "meaningful progress" since announcing the initial steps of its turnaround plan in early May. "To position the business for long-term growth, we've undergone significant organizational change and are streamlining our global resources to improve our efficiency and effectiveness. While our second quarter results were disappointing, we are seeing early signs of momentum. Looking ahead to third quarter, we expect positive global comparable sales led by growth in our newly-created International Lead Market segment and China's continuing recovery from the 2014 APMEA supplier issue," Easterbrook added.
10:05 EDTDNKNHigh option volume stocks
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08:00 EDTMCDMcDonald's reports Q2 global comparable sales down 0.7%
Reports Q2 global comparable sales down 0.7%, reflecting negative guest traffic in all major segments. Reports Q2 US comparable sales down 2%, reflecting negative guest traffic as the featured products and promotions did not achieve expected consumer response amid ongoing competitive activity. Reports Q2 Europe comparable sales up 1.2% driven by solid performance in the U.K. and Germany, partly offset by negative results in France. Reports Q2 APMEA comparable sales down 4.5%, primarily due to the impact of prolonged, broad-based consumer perception issues in Japan along with negative performance in China and other Asian markets, partly offset by strong performance in Australia.
07:59 EDTMCDMcDonald's reports Q2 EPS $1.26, consensus $1.24
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06:08 EDTDNKNDunkin' Brands continues to see 410-440 net new Dunkin' Donuts U.S. restaurants
Expects Baskin-Robbins U.S. will add between 5-10 net new restaurants in FY15. Internationally, the company continues to target opening 200-300 net new restaurants across the two brands. It continues to expect net income of equity method investments to be approximately $13M.
06:07 EDTDNKNDunkin' Brands backs FY15 EPS view of $1.87-$1.91, consensus $1.91
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06:04 EDTDNKNDunkin' Brands reports Q2 Dunkin' Donuts U.S. SSS up 2.9%
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06:04 EDTDNKNDunkin' Brands reports Q2 adjusted EPS 50c, consensus 48c
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July 22, 2015
15:26 EDTDNKN, MCDNotable companies reporting before tomorrow's open
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13:51 EDTMCDMcDonald's technical comments before results
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13:19 EDTMCDEarnings Watch: McDonald's to report Q2 earnings as company seeks revival
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08:25 EDTMCDMcDonald's July weekly volatility elevated into Q2 and outlook
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July 21, 2015
18:29 EDTMCDMcDonald's may offer all-day breakfast nationwide in October, WSJ reports
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July 20, 2015
17:34 EDTWENWendy's completes purchase of 18.42M shares from Trian Group
As previously reported, on June 2, Wendy's and the Trian Group entered into a purchase agreement. At Wendy's request, the Trian Group agreed not to tender or sell any of their shares in the offer and instead agreed, pursuant to the purchase agreement, to sell a pro rata amount of their shares of common stock to the company at a purchase price per share equal to the purchase price determined and paid in the offer, following the completion of the offer. Pursuant to the purchase agreement, on July 17, the company acquired 18.42M shares of common stock, in the aggregate, from the Trian Group at a price of $11.45 per share, for an aggregate purchase price of approximately $210.9M. Trian Group currently holds approximately 19.56% of the outstanding shares of common stock. As such, the Trian Group has completed its previously announced plan to sell a sufficient number of shares to reduce its holdings in the company by at least 20% in order to avoid adverse federal income tax consequences in connection with the transaction. Following completion of the transaction, the Trian Group remains the company’s largest stockholder based on current share ownership information on file with the SEC. In addition, Nelson Peltz continues to serve as the chairman of the board of the company, Peter May continues to serve as vice chairman of the board of the company and Edward Garden continues to serve as a director of the company.
10:00 EDTDNKNOn The Fly: Analyst Downgrade Summary
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09:05 EDTDNKNDunkin' Donuts plans for 26 new restaurants in Fresno and San Francisco
Dunkin' Donuts announced the signing of multi-unit store development agreements with two franchise groups for a total commitment of 26 new restaurants in Fresno and San Francisco over the next several years. The two franchise groups and their development plans include: Existing franchisee Aharon Aminpour plans to develop 17 restaurants in Fresno and the surrounding cities including Clovis, Visalia and Tulare. Aminpour currently owns and operates one Dunkin' Donuts restaurant in Encino, and last November signed a development agreement for 10 new restaurants throughout the San Fernando Valley. His next restaurant under this new agreement is planned to open in 2017. New franchise group Shiva Developments, plan to develop nine new restaurants in San Francisco and the surrounding cities. Nick Bhatt currently owns one Dunkin' Donuts restaurant in Springfield, IL. The group's first restaurant in California is planned to open in 2017.
08:39 EDTDNKNDunkin' Brands checks indicate positive momentum, says Credit Suisse
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08:24 EDTMCDMcDonald's U.S. outlook improving, says RBC Capital
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08:17 EDTDNKNDunkin' Brands downgraded to Underperform on valuation at CLSA
As previously reported, CLSA downgraded Dunkin' Brands to Underperform from Outperform. The firm downgraded shares based on full valuation and maintained its $56 price target on shares.
06:11 EDTDNKN, DNKNDunkin' Brands downgraded to Underperform from Outperform at CLSA
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